Weekend trading plan assuming this short trade setup plays out. The plan will cover: - Bias & Setup - Entry, SL & TP - Risk Management - Scenario Planning - Weekend Strategy Considerations --- 🧠 Bias & Setup - Current Setup : Short trade initiated near $83,477 with SL above (around $83,800), targeting lower zones (TP1, TP2). - Structure : Price is...
Market Context: Bitcoin has been in a clear downtrend, forming lower highs and lower lows on the 15-minute timeframe. The price recently rejected from the 0.786 Fibonacci retracement level at $84,510, indicating strong selling pressure at that zone. A new low was formed at $83,532, confirming continued bearish momentum. Trade Setup: Type: Short (Sell) Entry...
1D/1H/15 minutes all show a bullish pattern in the BTC. After Applying Fibonacci we find a strong Golden zone for support with good volumes. BTC is expected to move higher. Entry, SL and TP are mentioned in the trade view. Note: Due to weekend the markets will be slow. Make sure to enter with small quantities. Happy Weekend with the trades.